Kokuyo Co Ltd (JP:7984)
:7984
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Kokuyo Co
(7984)
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Rating:67Neutral
Price Target:
¥862.00
▲(1.78% Upside)
Action:DowngradedDate:02/18/26
The score is primarily supported by strong financial resilience (especially the very low-debt balance sheet) and generally improving gross profitability. This is tempered by weaker recent cash-flow consistency and softer near-term technicals (trading below 20/50-day averages with subdued momentum). Valuation is reasonable with a moderate dividend yield but not compelling enough to offset the cash-flow and near-term trend concerns.
Positive Factors
Conservative Balance Sheet
Very low leverage and a large equity base provide durable financial flexibility: lower refinancing and interest risk, capacity for opportunistic investment or M&A, and stronger ability to sustain dividends or capex through business cycles, supporting long-term resilience.
Negative Factors
Weaker Cash Conversion
Uneven and weakening cash conversion reduces internal funding capacity for capex, dividends and strategic initiatives. Persistently lower FCF coverage versus earnings raises reliance on profits that aren't being converted, limiting long-term financial optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage and a large equity base provide durable financial flexibility: lower refinancing and interest risk, capacity for opportunistic investment or M&A, and stronger ability to sustain dividends or capex through business cycles, supporting long-term resilience.
Read all positive factors
Kokuyo Co (7984) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥388.42B
Dividend Yield2.33%
Average Volume (3M)798.66K
Price to Earnings (P/E)18.1
Beta (1Y)0.80
Revenue Growth6.29%
EPS Growth8.74%
CountryJP
Employees7,647
SectorIndustrials
Sector Strength72
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)10.99
Shares Outstanding440,969,850
10 Day Avg. Volume960,510
30 Day Avg. Volume798,660
Financial Highlights & Ratios
PEG Ratio33.50
Price to Book (P/B)1.55
Price to Sales (P/S)1.08
P/FCF Ratio49.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)52.33
Revenue Forecast (FY)¥384.30B
Kokuyo Co Business Overview & Revenue Model
Company Description
Kokuyo Co., Ltd. (TSE: 7984) is a leading Japanese manufacturer and retailer of stationery products, office supplies, and educational materials. Established in 1905, the company operates primarily in the stationery sector, offering a wide range of...
How the Company Makes Money
Kokuyo makes money mainly by selling stationery and office-related products and solutions. Key revenue streams include: (1) Stationery and related consumer/school supplies—revenue is generated through the sale of branded items such as notebooks, p...
Kokuyo Co Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
90
Very Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 359.88B | 338.23B | 328.75B | 300.93B | 320.17B |
| Gross Profit | 144.47B | 132.92B | 127.39B | 116.67B | 115.71B |
| EBITDA | 34.43B | 30.00B | 31.91B | 26.13B | 26.93B |
| Net Income | 21.47B | 21.79B | 19.07B | 18.24B | 13.70B |
Balance Sheet | |||||
| Total Assets | 355.05B | 362.96B | 358.41B | 337.54B | 324.58B |
| Cash, Cash Equivalents and Short-Term Investments | 110.75B | 132.34B | 115.62B | 98.46B | 101.29B |
| Total Debt | 3.47B | 7.14B | 11.94B | 12.64B | 11.77B |
| Total Liabilities | 99.59B | 98.89B | 104.98B | 97.92B | 94.47B |
| Stockholders Equity | 251.68B | 260.55B | 251.84B | 237.74B | 228.47B |
Cash Flow | |||||
| Free Cash Flow | 7.91B | 12.01B | 30.37B | 6.19B | 17.80B |
| Operating Cash Flow | 14.37B | 16.38B | 34.74B | 9.58B | 21.79B |
| Investing Cash Flow | -4.61B | 12.25B | -3.80B | -3.32B | 2.56B |
| Financing Cash Flow | -31.65B | -15.62B | -14.44B | -8.99B | -15.06B |
Kokuyo Co Technical Analysis
Positive
846.90
Price Trends
883.38
Positive
893.74
Positive
883.83
Positive
Market Momentum
4.52
Negative
62.24
Neutral
86.24
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7984, the sentiment is Positive. The current price of 846.9 is below the 20-day moving average (MA) of 850.18, below the 50-day MA of 883.38, and below the 200-day MA of 883.83, indicating a bullish trend. The MACD of 4.52 indicates Negative momentum. The RSI at 62.24 is Neutral, neither overbought nor oversold. The STOCH value of 86.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7984.
Kokuyo Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥256.31B | 8.98 | ― | 3.99% | 6.02% | 18.88% | |
71 Outperform | ¥174.05B | 26.04 | ― | 2.56% | -0.26% | 3.35% | |
71 Outperform | ¥127.74B | 19.05 | ― | 2.09% | 6.39% | -34.84% | |
67 Neutral | ¥388.42B | 18.13 | 8.83% | 2.33% | 6.29% | 8.74% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥23.38B | 17.72 | ― | 1.69% | -2.71% | ― | |
47 Neutral | ¥3.99B | 27.03 | ― | 2.03% | 3.24% | ― |
* Industrials Sector Average
JP:7984
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Kokuyo Co Corporate Events
Kokuyo Revamps Managing Officer Lineup Ahead of 2026 Governance Shift
Feb 26, 2026
Kokuyo Co., Ltd. announced a series of changes to its managing officers, effective April 1, 2026, as approved by its board of directors. The reshuffle includes new role definitions for Naotaka Umeda, Masahiro Fukui, and Koji Morita, reallocating r...
Kokuyo Reveals Oasis Management as New Largest Major Shareholder
Feb 17, 2026
Kokuyo Co., Ltd. has disclosed that Oasis Management Company Ltd., an asset management firm based in the Cayman Islands, has become its largest major shareholder. According to large-volume shareholding change reports filed with the Kanto Local Fin...
Kokuyo Sets May 2026 Date for Head Office Move to Grand Green Osaka
Feb 13, 2026
Kokuyo Co., Ltd. has set May 1, 2026 as the official date to relocate its head office to the 14th floor of Park Tower in the Grand Green Osaka complex in Kita-ku, Osaka. This move advances a previously announced plan to modernize the company’...
Kokuyo Links Executive Stock Pay to EBITDA, ROE and TSR Targets
Feb 13, 2026
Kokuyo Co., Ltd. has approved the introduction of a performance-linked stock compensation plan for its corporate and managing officers, aligning executive pay more closely with the company’s medium-term strategy and financial targets. The sc...
Kokuyo Lifts Year-End Dividend, Reaffirming Progressive Payout Policy
Feb 13, 2026
Kokuyo Co., Ltd. has announced that its board will propose an increase in the year-end dividend for the fiscal year ended December 2025, raising the payout to 13 yen per share from the previously forecast 11.5 yen, with total year-end dividends of...
Kokuyo Lifts Sales and Operating Profit, Boosts Payout After Stock Split
Feb 13, 2026
Kokuyo Co., Ltd., a leading Japanese office furniture and stationery maker, reported consolidated net sales of ¥359.9 billion for the fiscal year ended December 31, 2025, up 6.2% year on year, with operating income rising 16.5% to ¥26.2 ...
Kokuyo Cancels 22 Million Treasury Shares to Tighten Capital Policy
Dec 25, 2025
Kokuyo Co., Ltd. has canceled 22 million of its own common shares, representing 4.75% of its issued shares before the transaction, with the cancellation completed on December 25, 2025 under Article 178 of the Companies Act. Following this move, th...
KOKUYO Completes ¥20 Billion Share Buyback Program After Stock Split
Dec 25, 2025
KOKUYO Co., Ltd. has completed a share repurchase program authorized by its board on February 14, 2025, conducting open-market buybacks of its common stock on the Tokyo Stock Exchange. In the latest tranche, between December 1 and December 19, 202...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.